Why might my application be denied?

Lili uses several proprietary and third-party software during the application review process. While all of these systems are used to help with the final outcome the application, the ultimate decision comes down to Lili's ability to support your business within our system and structure. 

We understand the frustration that comes from having an application declined and we do our due diligence to ensure that each application is thoroughly reviewed before a decision is made. Please note that your credit report is not used on your application and that any denied application will not impact you or your business. For compliance reasons, we are not always allowed to explicitly state why your application was denied, but our team will do their best to answer your questions should you have any. 

Complex Business Structure
One of the most common reasons that an application may be denied is due to the business having a complex ownership structure. Unfortunately, Lili is unable to support nested LLCs or other similar types of businesses but we do hope to support these in the future. Please reach out to Support if you own a nested LLC and would like to be added to the waiting list. 

Business Types Not Supported
Unfortunately, Lili is unable to work with businesses related to cryptocurrencies, privately owned ATMs, marijuana / cannabis, gambling, crowdfunding, money services, charities, trusts, foundations and non-profits, and businesses that require trust accounts to do business. 



Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. Please see the back of your Card for its issuing bank. The Card may be used everywhere Visa debit cards are accepted. Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.